The “Stick-Built” vs. Type 1 Concrete Debate: Forecasting Long-Term Maintenance Costs for Institutional Investors
In the highly leveraged, mathematically uncompromising arena of institutional commercial real estate, amateur developers and retail syndicators are obsessed with a single metric: the cost of construction per square foot. They run their two-dimensional pro formas, analyze the staggering price of steel and concrete, and inevitably default to Type V “stick-built” wood-frame construction to maximize…









